Question: Jump Inc. is adding a new assembly line at a cost of $8.5 million. The firm expects the project to generate cash flows of $2

Jump Inc. is adding a new assembly line at a cost of $8.5 million. The firm expects the project to generate cash flows of $2 million, $3 million, $4 million, and $5 million over the next four years. Its cost of capital is 14 percent. What is the net present value of this project? Select the choice that is closest to your answer. Group of answer choices

$777,713

$1,453,611

$1,223,076

$957,888

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